PSEC Projections Update: Same 4 Investments Carry The Company
Summary
Same as the previous quarter, four investments are responsible for NAV growth and 'other income' needed for covering the dividend.
PSEC reported just below its base-case projections mostly due to much lower-than-expected recurring interest income partially offset by other income from NPRC and First Tower.
NAV per share increased by 4.7% due to unre…